2217 W Madison Street Chicago, IL 60612
46-unit multifamily asset in the rapidly developing neighborhood of United Center/Near West Side. Professionally managed and Fully staibilized this property has approximately 40, 500 RSF, containing a mixture of two-bedroom/two bath and one-bedroom/ one bath apartments, with two elevator bays, 1:1 attached garage parking and common rooftop deck. Gross Monthly Income of $99, 799 priced at 6.2% Cap Rate. Pro Forma at 7.1% Cap Rate. Completed in 2020 to an elevated standard all units are inclusive of stainless-steel appliances, quartz countertops, all new plumbing and electrical systems, in-unit laundry, custom outfitted closets, window treatments and more. With the United Center and Medical District just blocks away and the new Green Line stop at Damen and Lake opening late summer 2024, the Near West Side is a highly trafficked area that includes easy access to grocery stores, bars, restaurants, hotels, and various other entertainment options with much upside on the horizon. In addition to the new Green Line Station and being on a major bus route, the subject property offers tenants excellent transportation options via the Dan Ryan, Eisenhower & Blue Line stations.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyCook
- Taxes$192,581
- HOA/Condo/Coop Fees$0
- Days on Site16 Days
- MLS StatusActive
- MLS ID Number12059477
- Home Size Source N/A
- Year Built2019
- Lot Size Acres
- Full BathsN/A
- Partial BathsN/A
Sell your house quickly!
Get multiple potential cash offers for your home. Fast and hassle-free!
Learn MoreRecent Activity For 2217 W Madison Street Chicago, IL 60612
2 weeks ago | |
2 weeks ago |
Don't miss a thing!
Get updates on new activity for this listing
General Features
- Construction BrickConcrete
- Electric Circuit Breakers
- Number of Stories 4
- Foundation Concrete Perimeter
- Zoning MULTI
- Number Of Stories 4
Interior Features
- Cooling Central Air
Exterior Features
- Roof Rubber
- Construction Details BrickConcrete
Community Features
- MLS Area CHI - Near West Side